Quantal Response Equilibrium and Overbidding in Private-Value Auctions

Author: Goeree J.K.   Holt C.A.   Palfrey T.R.  

Publisher: Academic Press

ISSN: 0022-0531

Source: Journal of Economic Theory, Vol.104, Iss.1, 2002-05, pp. : 247-272

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Abstract